Light Source Center Inc
EIN: 364298835 · West Hartford, CT · NTEE: P50
| Metric | Value |
|---|---|
| Total Revenue | $129K |
| Total Expenses | $102K |
| Net Assets | $-3,274 |
Is Light Source Center Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Light Source Center Inc
Light Source Center Inc (EIN: 364298835) is a nonprofit organization based in West Hartford, CT, classified under NTEE code P50. The organization reported total revenue of $129K and total assets of $29K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Light Source Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Light Source Center Inc is a small nonprofit that has been operating for 26 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of 15.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $88K |
| Total Expenses | $102K |
| Surplus / Deficit | $-14,120 |
| Total Assets | $7K |
| Total Liabilities | $10K |
| Net Assets | $-3,274 |
| Operating Margin | -16.1% |
| Debt-to-Asset Ratio | 148.7% |
| Months of Reserves | 0.8 months |
Financial Health Grade: D
In 2023, Light Source Center Inc reported a deficit of $14K with expenses exceeding revenue, holds 0.8 months of operating reserves (limited), has a debt-to-asset ratio of 148.7% (high leverage).
Financial Trends
Over 2 years of filings (2022–2023), Light Source Center Inc's revenue has grown at a compound annual growth rate (CAGR) of 15.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +15.0% | +17.6% | -38.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 2000 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Light Source Center Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Light Source Center Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $14K, with expenses exceeding revenue.
- Debt-to-asset ratio: 148.7%.
Frequently Asked Questions about Light Source Center Inc
Is Light Source Center Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Light Source Center Inc (EIN: 364298835) insufficient data. 0 red flags identified, 0 strengths noted.
How does Light Source Center Inc spend its money?
Detailed spending breakdown data is not yet available for Light Source Center Inc. Check back for updated IRS 990 analysis.
Are donations to Light Source Center Inc tax-deductible?
Light Source Center Inc is registered as a tax-exempt nonprofit (EIN: 364298835). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Light Source Center Inc located?
Light Source Center Inc is headquartered in West Hartford, Connecticut and files with the IRS under EIN 364298835. It is classified under NTEE code P50.
How many years of IRS 990 filings does Light Source Center Inc have?
Light Source Center Inc has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $129K in total revenue.
Filing History
IRS 990 filing history for Light Source Center Inc showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Light Source Center Inc's revenue has grown by 15%, moving from $76K to $88K. Total assets decreased by 38% over the same period, from $11K to $7K. Total functional expenses rose by 17.6%, from $87K to $102K. In its most recent filing year (2023), Light Source Center Inc reported a deficit of $14K, with expenses exceeding revenue. The organization holds $10K in liabilities against $7K in assets (debt-to-asset ratio: 148.7%), resulting in net assets of $-3,274.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $88K | $102K | $7K | $10K | — | — |
| 2022 | $76K | $87K | $11K | $0 | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Light Source Center Inc:
Data Sources and Methodology
This transparency report for Light Source Center Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.